Contact KAIA at 785.232.0561 or visit https :// members . kaia . com / contact with any questions on this Pool information or to request a copy of the unaudited financials . •
ANNUAL AUDIT INFO
... CONTINUED
COMPLETE COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO KAIA MEMBERS AS A FREE SERVICE
PUBLIC ENTITY RISK POOLS
Kansas County Assoc . Multi
KS Association of School Board WC
KS Eastern Region Trust
Kansas Muni . Trust
Midwest Public Risk
KS Workers Risk Co-op
REVENUES YEAR END 12 / 31 / 2022 6 / 30 / 2022 12 / 31 / 2022 12 / 31 / 2022 6 / 30 / 2022 12 / 31 / 2022 Totals Premiums earned $ 12,161,714 $ 4,284,775 $ 3,233,810 $ 5,781,420 $ 8,743,146 $ 5,893,956 85,880,028 Investment income 455,352 371,708 164,134 305,495 222,683 270,215 3,118,935 Realized capital gain ( loss ) ( 952,624 ) ( 968,170 ) Other income ( 570,650 ) 4,162,946
EXPENSES
Total Revenues 12,046,416 4,656,483 3,397,944 6,086,915 8,013,205 6,164,171 92,193,739
Incurred losses / wc claims 4,229,934 3,807,056 1,709,654 1,857,944 5,380,750 4,081,141 40,041,030 Claims adjustment 485,499 120,645 716,284 2,075,734 Claims management fees 239,000 556,409 Administration 1,881,109 576,301 448,311 1,325,029 260,653 1,370,188 12,290,727 Agent commissions 907,358 Premium taxes 95,482 39,331 67,983 538,320 Insurance taxes 73,156 126,974 200,130 Excess insurance prem . 2,613,574 487,123 369,454 651,556 2,171,901 770,631 22,286,927 Other underwriting exp . 688,307 2,662,939 Other expenses 492,839 20,186 2,780,011
Total Expenses 9,305,598 4,909,811 3,093,414 3,955,174 9,306,064 6,587,934 84,339,585 Net income ( loss ) pre dividends & tax 2,740,818 ( 253,328 ) 304,530 2,131,741 ( 1,292,859 ) ( 423,763 ) 7,854,154 Dividends Paid Members 4,564,402 Net Income before tax 2,740,818 ( 253,328 ) 304,530 2,131,741 ( 1,292,859 ) ( 423,763 ) 3,289,752 Provisions for income tax 2,274
NET INCOME ( LOSS ) 2,740,818 ( 253,328 ) 304,530 2,131,741 ( 1,292,859 ) ( 423,763 ) 3,287,484 Change in nonad . assets ( 168,040 ) ( 61,737 ) 24,927 77,399 ( 14,101 ) ( 618,683 ) Change in reins . provisions Change in net deferred inc . tax 665,764 Refund of contributions - Change in net investments ( 370,126 ) 12,154 ( 728,378 ) ( 3,805,512 ) Prepaid exp ./ prem . assess . - Extraordinary taxes prior - Prior period adjustment - Fund balance transfer - - FUND BALANCE beginning yr 19,234,653 13,910,689 6,632,643 9,081,179 3,733,539 18,929,953 110,043,325
FUND BALANCE end yr $ 21,605,345 $ 13,489,321 $ 6,875,436 $ 11,237,847 $ 2,530,233 $ 17,763,711 109,572,378
Totals
Contact KAIA at 785.232.0561 or visit https :// members . kaia . com / contact with any questions on this Pool information or to request a copy of the unaudited financials . •
18 KANSAS INSURANCE AGENT & BROKER